Without restricting Xxxxxx. discretion under clauses 6.1 and 6.2, Xxxxxx may take into account, amongst others, the following factors when determining the amount to be secured in a Reserve: 6.3.1. the risk of the Merchant ceasing or transferring its business or a substantial part thereof; 6.3.2. the risk of the Merchant materially altering the nature of its business; 6.3.3. If the Merchant’s business activities carry a higher than normal risk of chargebacks or other reversals of customer payments; 6.3.4. the Merchant’s overall financial standing; 6.3.5. the risk of the Merchant becoming insolvent or otherwise unable to pay debts as they fall due; 6.3.6. where Xxxxxx receives a disproportionate number of customer complaints, chargebacks or other payment reversals, fines, penalties or other liability related to the Merchant Account; or 6.3.7. where Xxxxxx reasonably believes that the Merchant will not be able to perform its obligations under this Agreement.
Appears in 5 contracts
Samples: Merchant Terms and Conditions, Merchant Terms and Conditions, Merchant Terms and Conditions